Moneyfacts Weekly Product News – 24/01/2019 | Product News | moneyfacts.co.uk

Product News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Moneyfacts Weekly Product News – 24/01/2019

Moneyfacts Weekly Product News – 24/01/2019

Category: Articles
Author: Leanne Macardle
Date: 24/01/2019

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change.


SAVINGS


Family Building Society

Family Building Society has launched its new Premium Saver, an easy access account that pays a variable rate of 1.51% yearly. Savers can invest from £15,000 up to a maximum of £250,000. Unlimited penalty-free withdrawals are allowed, however savers must note that additions are only permitted until 8.3.19. This deal can be operated in branch, by post, by telephone and online.

Savers searching for a competitive rate on an easy access account who have a decent sum to invest upfront will be delighted by this deal from Family Building Society. Its new Premium Saver sits at the top of the Moneyfacts.co.uk Best Buys for easy access accounts with no bonus and earns an Excellent product rating as a result.

Principality Building Society

Principality Building Society has launched a new 18-month fixed rate ISA, which pays 1.60% on maturity, while a monthly option paying 1.58% is also available. Savers can invest from £500 and additions are permitted while the issue remains open, and early access is also allowed subject to a penalty of 180 days' loss of interest. Transfers in from cash ISAs and stocks & shares ISAs are also permitted. This account, which can be opened in branch and online before also being managed by post, is for savers aged 16 or over.

Those savers looking to take advantage of their annual ISA allowance, but who are not prepared to invest over the long term, will find this new deal from Principality Building Society appealing. Sitting near the top of the short-term fixed market, this ISA secures a place in the Moneyfacts.co.uk Best Buys and earns an Excellent product rating in the process. Savers will find it convenient to exit the deal early should they desire, subject to an interest penalty.


MORTGAGES


Yorkshire Building Society

Yorkshire Building Society has improved the incentive package on its two-year fixed rate mortgage, priced at 1.96% to 31.3.21. This deal is for house purchase customers who wish to borrow between £50,000 and £500,000 at 90% loan-to-value. A completion fee of £495 is payable, all of which can be added to the mortgage advance, and an incentive package of free valuation and £750 cashback is included. This product allows underpayments and overpayments, and permits borrowers to take payment holidays.

House purchase customers with a 10% deposit searching for a competitive mortgage deal with a well-known brand will find this two-year fixed mortgage from Yorkshire Building Society highly attractive. The product, priced at 1.96%, now comes with £750 cashback in addition to a free valuation, enhancing its appeal. The improvement has earned it a position within the Moneyfacts.co.uk Best Buys and an Outstanding product rating.

Yorkshire Building Society's lending area includes Scotland.

Barclays Mortgage

Barclays Mortgage has reduced the rate on its five-year fixed rate mortgage, which is now priced at 3.39% to 30.4.24. This deal is for house purchase customers who wish to borrow at 95% loan-to-value. No product fee is payable and the deal includes an incentive package of free valuation. This product allows overpayments of up to 10% of the outstanding balance.

Borrowers shopping around for a mortgage with a well-known brand will be delighted by the newly priced offer from Barclays Mortgage. House purchase customers with just a 5% deposit will find its 3.39% five-year fixed deal appealing thanks to its lack of product fee and free valuation. Due to its attractive incentive package, the deal takes a spot in the Moneyfacts.co.uk Best Buys for first-time buyers and earns an Outstanding product rating.

Barclays Mortgage's lending area includes Scotland.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Close